tag:blogger.com,1999:blog-3881762807913180318.post6803122280868276446..comments2024-01-23T16:53:02.428+00:00Comments on Mark Thompson: Why are Credit Unions being made to fund the bail-out?Mark Thompsonhttp://www.blogger.com/profile/00744387583593537268noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3881762807913180318.post-39290541341338733242009-08-22T08:22:37.735+01:002009-08-22T08:22:37.735+01:00One of the FSA and FSCS letters to the firms that ...One of the FSA and FSCS letters to the firms that are required to pay this levy can be seen here:<br />http://www.fsa.gov.uk/pubs/other/bcr_fscs_levies_update.pdf<br /><br />I have just written to our MP about this treatment of the Credit Unions.Unknownhttps://www.blogger.com/profile/03441154170024358365noreply@blogger.comtag:blogger.com,1999:blog-3881762807913180318.post-36791897171829987932009-08-20T13:36:18.363+01:002009-08-20T13:36:18.363+01:00We need a longer term fix as well.
We have a bank...We need a longer term fix as well.<br /><br />We have a banking system that relies too heavily on a tax-payer-backed system to keep it in check.<br /><br />I would like to see a new system proposed which has been analysed by someone who really understands risk management and how global financial instruments work.<br /><br />I cannot understand the lack of urgency in tackling the current situation.<br /><br />The banks are warning that changes may hamper their competitiveness but if they are too big to be competitive and also prudent, then they are too big to exist as deposit-takers.<br /><br />Either they must give up their secured status (and people warned so they can move their assets to somewhere else) or they must give up risky practisesVoternoreply@blogger.comtag:blogger.com,1999:blog-3881762807913180318.post-11420561508759949962009-08-20T11:32:14.769+01:002009-08-20T11:32:14.769+01:00Disgusting.Disgusting.Creedynoreply@blogger.comtag:blogger.com,1999:blog-3881762807913180318.post-79916293950911714862009-08-20T09:14:54.992+01:002009-08-20T09:14:54.992+01:00This government doesn't "do" natural...This government doesn't "do" natural justice, Mark. This seems to be in keeping with their modus operandi. I.e., milk everything and everyone, except their rich friends who make campaign contributions and offer directorships.Faustyhttp://faustiesblog.blogspot.comnoreply@blogger.com